RE: Nice...well spud14 Oct 2020 08:51
The second well will be the Estancia Vieja EVN-x1 exploration well. This will target a new and so far un-drilled independent structure for both gas and oil to the north of the producing Estancia Vieja field; P50 case is oil production of 40m3/day (252 bopd) and 60,000 m3/day of gas (350 boepd). Target depth is 2,000 metres and there is a good exploration chance of success for this well with estimated costs of US$2.5 million completed. In a success case, the whole of the Estancia Vieja north structure will be opened up with an estimated 14 Mmbbls of Oil in Place and 26 Bcf of Gas in Place which will require up to a further 6 wells. big upside in market cap if successful